|Bid||10.12 x 800|
|Ask||23.23 x 1100|
|Day's Range||22.55 - 23.01|
|52 Week Range||10.69 - 23.41|
|Beta (3Y Monthly)||1.84|
|PE Ratio (TTM)||95.36|
|Forward Dividend & Yield||0.20 (0.95%)|
|1y Target Est||N/A|
Investors are always looking for growth in small-cap stocks like The E.W. Scripps Company (NASDAQ:SSP), with a market cap of US$1.8b. However, an important fact which most ignore is: how financially healthy is the business...
E. W. Scripps Co NASDAQ/NGS:SSPView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for SSP with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $332 million over the last one-month into ETFs that hold SSP are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. SSP credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
E.W. Scripps Co. CEO Adam Symson’s compensation skyrocketed last year thanks to hefty increases in incentive pay. Downtown Cincinnati-based TV and digital media operator Scripps (NYSE: SSP) gave Symson a whopping 72 percent pay hike last year, according to the company’s recently released proxy statement. Symson made $3.4 million last year, up from a shade below $2 million the prior year.
"This acquisition represents another step in our plan to improve the depth, reach and durability of our broadcast television station portfolio while adding nicely to the company's free cash flow generation,"
E.W. Scripps Co. plans to add eight television stations to its portfolio, including its first New York City property. The downtown Cincinnati-based media company (Nasdaq: SSP) will purchase the stations, which are in seven different markets, from the Nexstar Media Group Inc. as part of its merger with Tribune Media for a total of $580 million. The deal will expand Scripps’ portfolio to 59 local stations in 42 markets that reach nearly 30 percent of U.S. TV households.
(Reuters) - Nexstar Media Group said on Wednesday it would sell 11 television stations to Tegna Inc and eight to E.W. Scripps Co for about $1.32 billion in cash. Separately, Nexstar said it was in talks ...
The Cincinnati, Ohio-based Scripps said it will pay $505 million for six markets and $75 million for WPIX, the CW affiliate in New York City. Scripps said it plans to finance the acquisition with a mix of term loans and unsecured debt that will raise its total debt to $1.85 billion and leave it with a total leverage ratio net of cash of about five times at closing. In addition, Scripps said it granted Nexstar the option to buy back WPIX in New York City.
Shares of The E.W. Scripps Co. soared 5% in premarket trade Wednesday, after the media company said it is acquiring eight TV stations in seven markets from the Nexstar Media Group Inc. and Tribune Media . Those two companies are selling assets as part of a plan to merge. E.W. Scripps said it will pay $505 million for six markets and $75 million for WPIX, the CW affiliate in New York City. The stations had blended revenue for 2017 to 2018 of $263 million and EBITDA of $56 million. The company is planning to finance the deal with a mix of term loans and unsecured debt, that will raise its total debt to $1.85 billion and leave it with a total leverage ratio net of cash of about 5 times at closing. The company is expecting the deal to expand its presence in Arizona, Florida, Michigan and New York and to add about 769 employees. The company has granted Nexstar the option to buy WPIX back from March 31, 2020 through the end of 2021. E.W. Scripps shares have gained 76% in the last 12 months, while the S&P 500 has gained 4%.
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E.W. Scripps (SSP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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On Monday, MNG Enterprises -- better known as Digital First Media -- renewed what looked to be a cooling wave of industry M&A by making a $1.4 billion overture for newspaper company Gannett (NYSE:GCI), publisher of USA Today. The never-ending march of the internet continues to change the landscape of the newspaper and media business, chipping away at bottom lines and forcing survivors to consider options that wouldn't have been considered just a few years prior. Amazon.com (NASDAQ:AMZN) CEO Jeff Bezos now owns the Washington Post. Tribune (formerly Tronc) was targeted last year by the investor that had just acquired The Los Angeles Times and The San Diego Union-Tribune. Indeed, some are surprised the industry is still as fragmented as it is. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Alden Global subsidiary Digital First Media continues to capitalize on the opportunity, adding publications to a roster of more than 100 newspapers and then cutting and sharing expenses. Though Gannett has yet to respond to, or comment on, the offer, it's a development that may well trigger fresh acquisition interest within the publishing and media industry. And while owning a particular stock solely because it may be a buyout target is a usually poor strategy, there's no denying a handful of media and publishing stocks just became a bit more valuable because of their buyout potential. * 8 Dividend Stocks With Growth on the Horizon Note, however, that not all of the most plausible acquisition targets are pure newspaper names, reflecting radical changes in how consumers digest information and entertainment. Source: Pineapple Express ### Daily Journal (DJCO) It's surprising that Daily Journal (NASDAQ:DJCO) hasn't already been nabbed up and made part of a bigger media empire, for a handful of reasons. One of them is its affordability. For just a little over $300 million a suitor could step into 10 different newspapers that are reliably profitable but could use the advantage of shared resources with a bigger partner. Another reason is the company's geographical focus. All of its target markets are in California, which would make for an easy bolt-on property for one of the state's existing newspaper groups. For instance, Patrick Soon-Shiong -- a major shareholder of newspaper group Tribune -- was the buyer of The Los Angeles Times and The San Diego Union-Tribune, pointing to interest in aggregating newspaper operations in nearby markets. Source: Shutterstock ### CBS Corporation (CBS) CBS Corporation (NYSE:CBS) has been aiming to acquire rival Viacom (NASDAQ:VIA, NASDAQ:VIAB) … a deal that's more likely to be done now that CBS CEO Les Moonves is out. But, there's just as much of a chance CBS could be the buyee before it's able to be the buyer. Like Daily Journal, CBS would be a reasonably affordable option for an outfit that perhaps wanted to get into the video content business. The company's certainly got some valuable assets to that end. Not only does CBS has rights to air some NFL games, but it has got long-standing staples of U.S. television like "60 Minutes" in its stable of programming. Add Showtime to that list, plus CBS All Access … an over-the-top-television venue that's gaining some traction, leveraging a rebooted Star Trek series. * 10 A-Rated Stocks the Smart Money Is Piling Into The catch? For regulatory reasons, neither foreign organizations nor owners of rival networks would be allowed to own CBS. It would have to be a company that's not directly in the same business. Source: Flickr ### Meredith Corporation (MDP) Meredith Corporation (NYSE:MDP) may not be a household name, but its publications are. This is the company behind magazines like Time, Sports Illustrated, People, In Style and more. It also owns several TV channels and, of course, websites that correspond with many of its magazines. It would be a nice addition for a semi-related players to garner exposure to the print world with some of the industry's most recognizable publications; a suitor would also enjoy exposure to localized television viewers at a scale that matters. That's not the core reason Meredith is one of a handful of publishing stocks that could soon be snatched up, however. The underlying reason is, Meredith has already demonstrated it's willing to buy, sell and deal as way of optimizing its enterprise. Case in point: Just a few months after buying Time magazine in late 2017, it was rumored to be mulling a sale of it along with Sports Illustrated. If it's distressed, the company may tacitly be holding itself out for sale to a buyer better positioned to leverage its brands. Source: Flickr ### E. W. Scripps (SSP) E. W. Scripps (NASDAQ:SSP) has been pegged as a buyout target for years now, but little on that front has ever transpired. That, however, could be about to change. Though started as a newspaper group decades ago, E. W. Scripps got entirely out of that business -- via a sale to the aforementioned Gannett -- to focus entirely on television. Now it owns 36 television stations and operates a handful of nationally syndicated networks viewable via traditional cable television or online. Scripps isn't afraid to reconfigure itself. The move out of the newspaper business and the spinoff of Scripps Network Interactive verifies that idea. The challenge has been the restriction on how the heirs to the company can sell their stakes, even if they chose to do so. More than 90% of the company's shareholder voting power is controlled by the Scripps family, which traditionally has been compelled to keep the business within the family. * 7 Stocks at Risk of the Global Smartphone Slowdown As time passes, though, the family is experiencing more and more pushback from activist investors like Mario Gabelli, who makes an increasingly convincing argument that the company can't continue on as-is. Source: (C)iStock.com/vaximilian ### New Media Investment Group (NEWM) In some regards, New Media Investment Group (NYSE:NEWM) is a prototype for the future of the printed newspaper. The days of the standalone newspaper are gone. They simply can't compete with the web on their own, particularly when aiming to create enough interesting content to produce a daily publication. Local or regional news is labor intensive, and too expensive if costs can't be shared. New Media Investment Group tackles that problem head-on, having aggregated 145 localized daily newspapers and 325 more surprisingly viable weekly newspapers. It also publishes so-called "Shoppers" that promote local businesses. Yet, the company knows that a newspaper in and of itself isn't enough. The key to a successful publishing business is rounding that product out with an online service that further helps local business connect with consumers through the internet. ThriveHive is that vehicle. More than that, though, New Media Investment Group is able to turn a consistent (even if less-than-thrilling) profit. ### S&P Global (SPGI) You'll know S&P Global (NYSE:SPGI) better as Standard & Poor's. Contrary to popular belief, Standard & Poor's is more than just market indices and basic research on publicly traded companies. S&P Global is a full-blown provider of data and written insight on market-related matters. Granted, its target audience isn't the average newspaper reader or television viewer -- it's the people who often discuss equity markets and the economy with consumers and investors. Information is power, though, and those people are willing to pay a premium for the information that allows them to position themselves as an expert. * Morgan Stanley: 7 Risky Stocks to Sell Now It would take a highly specialized buyer to successfully use S&P Global's unique platform and create synergy with it. But as vertical and horizontal dividing lines are blurred, it's not a stretch to suggest someone could want to plug into the well-established and profitable brand name. Source: (C)iStock.com/LincolnRogers ### Cision (CISN) Finally, add Cision (NYSE:CISN) to your list of publishing stocks that may end up being acquired if the Gannett deal kicks off a deal-making race. Cision may ring a bell as a distributor of press releases, though that's far from all it does. Indeed, that's only a superficial piece of its platform. While investors and consumers may merely be reviewing a news release, Cision is turning each and every one of those views into information that can be packaged and sold to client companies. Better still, the company's platform lets client companies measure the impact of their publicity efforts. It's not quite "media" in the traditional sense of the word, but as has been mentioned, the lines between entertainment and news have been erased. Press releases and third-party commentaries become part of a bigger online identity, all of which has to be managed. Analysts, even if not investors, are starting to see the value of such a service and valuing CISN stock richly as a result. Citi analyst Tyler Radke commented last year "We also see a call option on a critical trend in digital marketing -- the shift to 'earned' media, which is tracking and measuring the impact of bloggers, social influencers, etc. This is not in the numbers and we believe modest success here could support a $29 bull case." The next step is a publishing giant recognizing the potential of these tools when combined with more traditional media and publishing options. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies That Could Post Decelerating Profits * 10 A-Rated Stocks the Smart Money Is Piling Into * Mizuho: 7 Long-Term Value Stocks to Buy Now Compare Brokers The post 7 Media Stocks That Make Prime M&A Targets appeared first on InvestorPlace.
TEGNA, Hearst and EW Scripps are all planning to submit final bids to acquire Cox's 14 broadcast TV stations at the end of January.
Anyone researching The E.W. Scripps Company (NASDAQ:SSP) might want to consider the historical volatility of the share price. Modern finance theory considers volatility to be a measure of risk, and Read More...
E.W. Scripps Co. has exited the radio business … again. Cincinnati-based TV and digital media operator Scripps (NYSE: SSP) completed the sale Wednesday of the last eight of its radio stations for $8 million. The sale of those stations in Boise, Idaho, and Tucson, Ariz., means Scripps has sold all 34 of its radio stations in the last two and a half months for $83.5 million.
A company recently acquired by E.W. Scripps Co. is relaunching the Court TV network. The popular network that carried gavel-to-gavel coverage of high-profile court trials was a top-20 cable TV network when it was taken off the air in 2008.